Page 2 - Economy & Policy News
Paytm PB aftershocks: Fintechs step up customer outreach with target ads
The company is generating good response from the potential bidders as it is focusing primarily on products in surgical and post surgical as well as chronic care
 "Paytm PB aftershocks: Fintechs step up customer outreach with target ads")
JP Morgan downgrades Indian IT sector to underweight from neutral
Infosys, TCS, MphasiS on JP Morgan's negative catalyst watch. Here's why
Chinese brand Transsion rings a bell in India's smartphone market
In 2023 (CY23), Shenzhen-based Transsion won 8.6 per cent of the Indian smartphone market, according to data from Counterpoint Research
Russian oil & Opec effect: Outcome of buying Urals oil above
The risks to Indo-Russian oil trade escalate when Urals crude starts trading above the cap imposed by the European Union
 "Russian oil & Opec effect: Outcome of buying Urals oil above")
Social security benefits for salaried employees shrinking post pandemic
Workers in rural areas, women hit harder
 "Social security benefits for salaried employees shrinking post pandemic")
ICICI Prudential Life Q2 results: Net profit rises 23% despite lower income
ICICI Prudential Life Insurance Company on Tuesday reported a 23 per cent increase in its net profit at Rs 244 crore in the quarter ended in September 2023 despite lower income.
 "ICICI Prudential Life Q2 results: Net profit rises 23% despite lower income")
India watch military conflict in Middle East closely, says Hardeep Puri
"The place where action is taking place is in many respects the centre of global energy... as we go along we will navigate through this," Puri told reporters at an industry event in New Delhi
 "India watch military conflict in Middle East closely, says Hardeep Puri")
RBI allows HDFC AMC's stake acquisition in DCB Bank, Karur Vysya, 2 others
Federal Bank, Karur Vysya have to ensure that acquisition does not exceed 9.5% of their paid-up share capital
 "RBI allows HDFC AMC's stake acquisition in DCB Bank, Karur Vysya, 2 others")
Torrent files urgent plea in SC against Hinduja plan for Reliance Capital
The company says the insolvency tribunal approved the plan when appeals against it were pending
 "Torrent files urgent plea in SC against Hinduja plan for Reliance Capital")
US trade chief flags concerns over India's license rule for laptop imports
US' intervention comes amid worries the licensing regime could impact shipments from the likes of Apple and Dell and force firms to boost local manufacturing
Nearly 750,000 recipients of PMJAY linked to same phone number: CAG report
The Comptroller and Auditor General of India (CAG) also revealed that more than 139,000 beneficiaries have been linked to the number 8888888888
Income tax department keeps tolerance range intact for transfer pricing
"It would have been worthwhile if the said range could have been revisited and reviewed," Amit Maheshwari, tax partner at AKM said
 "Income tax department keeps tolerance range intact for transfer pricing")
BRICS countries likely to induct five new members in August summit
Saudi Arabia's entry almost certain; Indonesia, UAE, Egypt also in the fray
Govt unlikely to raise FY24 borrowing plan; bond yields may remain below 7%
Railways, NHAI asked not to borrow from market
RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift
Auction for Govt of India T-bills, earlier set for June 29, will now be held on June 28, with settlement taking place on June 30
Transactions on GeM portal cross Rs 50,000 crore in first quarter
Provision of penal interest on delayed payments to start from July
India's current account deficit narrows to 0.2% of GDP in Q4 FY23
For FY23, it widens to 2% of GDP against 1.2% in FY22
Centre to renew consultation with firms shortlisted under PLI scheme
DPIIT asked to nudge ministries to hold talks with beneficiaries
Dealings in shares of at least three Adani companies under Sebi lens
Regulator probes possible breach of laws related to insider trading
